Title: Want to join a Middle East Blockchain New Startup? Post by: saidtalib on July 30, 2017, 12:24:51 PM Join the Middle East Blockchain Revolution!!
Note: The following is intended to form a start-up company with a team of professionals. Continue reading if interested. Abstract The Middle East is obviously a late comer to the blockchain technology and digital Bitcoin currency. Lack of awareness, government restrictions and difficulty of executing transactions contributed to the late adoption of blockchain technology. Unlike Europe, where governments are adopting and making use of the blockchain technology, some Governments in the Middle East and North Africa (MENA) region are not even aware of the technology, save for the United Arab Emirates (UAE). The MarketsandMarkets.com research firm claims that the Middle East blockchain technology market is expected to grow from USD 6.4 million in 2016 to USD 67.6 million in 2021, at a CAGR of 60.1% during the forecast period 2016-2021. One-third of the almost 3,000 executives surveyed are using or considering blockchain in their business, and 100 percent of those surveyed expect blockchain to support their enterprise strategy in some way. Few start-ups have been found so far in the MENA region in this industry, but they are not – yet – able to gather the required momentum to get the financial and industrial sectors to benefit from the technology. This presents a golden opportunity as the region is still in its nascent stage in blockchain and cryptocurrency. My intention out of this is to initiate a start-up in Dubai that offers multiple services and solutions to MENA governments, businesses, and the local citizen to benefit from blockchain technology and crypto assets. If you are an expert, professional, or a talented person with the potential of growth, and want to join the blockchain Middle East revolution with me, carry on reading. Why the Middle East? Economically, two-thirds of the world's oil reserves and a quarter of the world's natural gas reserves sit in the MENA region, with the member states producing about a quarter of the world's petroleum. The oil industry dominates the economic structure, especially so in the countries surrounding the Arabian Gulf. The result of this wealth led to an influx of workers and immigrants to the Middle East as thousands of job opportunities in various fields were made available. Yet, the Middle East has always been politically unstable due mainly to its wealth. This ever-green conflict resulted in the region lacking advanced research and development centres in various industries, transforming the region into a big consumer rather than provider. The region also has one of the highest population growth in the world, an average of 3% annually. Governments, financial institutions and businesses in the region have always been chained with inefficiencies, bureaucracy and red tape to carry on simple civic, day-to-day transactions. Therefore, blockchain and crypto currencies could present the ideal solution to unlock the potential of the region. Precisely, what are the opportunities? The start-up will provide solutions to Governments, financial institutions, businesses and local citizens in the blockchain and cryptocurrency arena. The following sectors are just examples of where we could start, but various sectors can be explored.
Ok good. But how we gonna fund it? To start with, pls note this is not a get rich fast scheme. I know the first thing that comes to mind is an ICO. Maybe eventually one or several ICOs will be launched to help push a stream forward to establish a fully-fledged company. However, I have angel investor(s) (including myself) that will put the first one million dollars in the start-up immediately to finance the first 12-18 months. We expect the company in the first six months to launch its first project. If nothing happens after 18 months, but we are working on a breakthrough, we will seek further funding. Otherwise, we close shop and call it a day. In the Middle East, funding is not an issue if bright, serious people are behind it. ICOs have a bad reputation nowadays and require tough standards to launch a successful one. The start-up will be registered in Dubai and that’s where the HQ will be. Anyone would be working for the startup will need to relocate there. If you know nothing about Dubai, do some research. It’s a fantastic city with a business mentality. Mind you, according to thenational.ae, Dubai government agencies will soon start pilot projects based on Blockchain technology, with a series of services set to go live from early next year. Smart Dubai announced that it would design and build a shared Blockchain platform. Hence, the platform in Dubai is ready to launch the start-up. Soon once the dream team is mobilised, we will start with a white board to discuss how we gonna blow the blockchain wide open in the Middle East. I come from the oil & gas industry, with 20 years’ experience in marketing and trading. I am a commodity trader (oil, mogas, mid distillates, etc), and have been trading bitcoin for six months. I have launched a successful start-up in India that makes iOS apps (iLifeTouch, it’s in the app store), and was involved in projects in the middle in different sectors (F&B, supply chain, health sector). I am in love with gadgets and technology and had my first computer in 1989 (at a time the PC was still not popular in the Middle East). I am an angel investor and love to create start-ups with a clear vision and wide imagination. Ok, maybe I am in. What do you need? At the moment, I am looking for young talented people, with expertise in this industry, good coding background, to join us in this venture. Note I am not looking for people who want to punch time cards in the morning and get paid on a weekly cheque. I am looking for professionals with a passion for blockchain technology and want to create a change in the world, people who want to be eventually part of the company, aka shareholders, but will earn it through hard work and dedication. If you know the blockchain inside out, have some bright ideas about it but lack funding and leadership, want to get another shot in your career in a vibrant city such as Dubai, and most importantly like what you read above and think you can be an asset and make change, then I want you part of the team. Currently, I am looking for the following:
If you like to join the revolution, pls send me a note, info@btcoinme.com with a CV, but more importantly, I would like to know your ideas on the above and why you believe joining this opportunity is good for yourself and valuable for the project. |